2 years
Initial Duration
$750
Monthly Income
$177
Application Fee
$1,100
Cost of Living/mo
Highlights
Lowest income requirementFast processingPath to residency
Requirements
Income Requirement$750/month
Health InsuranceRequired
Proof of AccommodationNot Required
Background CheckNot Required
Processing Time1-2 weeks
Duration & Renewal
Initial Duration2 years
Maximum Duration2 years
Renewal Options2 years, renewable
Benefits
Work Permissionremote only
Tax BenefitsNone
Path to ResidencyYes
Path to CitizenshipYes
Family IncludedYes
Things to Consider
- Safety concerns in some areas
- Internet can be spotty
- Spanish needed outside cities
Best For
- Budget nomads
- Spanish learners
- Americas timezone
Lifestyle
Internet Quality3/5
Safety Rating3/5
Climatetropical
TimezoneUTC-5
Ready to Apply?
Visit the official government website for application details.
Official ApplicationLast updated: January 2026